What’s the outlook for Laxmi Natural Industries? Can I purchase the inventory now
Disha, Kolkata
Laxmi Natural Industries (₹198.20): The outlook is bearish. The inventory has been in a powerful downtrend since September final 12 months. This fall has taken the share value effectively under the important thing assist stage of ₹220 final week. It additionally marks the top of a two-year sideways consolidation. Transferring common crossovers on the weekly chart strengthens the bearish case.
Laxmi Natural Industries share value can fall to ₹170-₹165 within the subsequent few weeks. Thereafter a bounce is feasible. Nonetheless, the inventory might discover it tough to rise above ₹220 once more. That may want some robust constructive set off. Even when it manages to rise above ₹220, an eventual rise above ₹325 is required to show the outlook bullish. So, it’s not advisable to enter the inventory now. Steer clear of the inventory.
I’ve shares of GNA Axles purchased at ₹385. What’s the long-term outlook? Can I accumulate?
Siddharth
GNA Axles (₹328.20): The inventory was in a powerful uptrend since April 2020. However the break under ₹370 and the next fall within the final couple of weeks signifies a development reversal. There’s some assist round ₹300 which might maintain on its first check. A bounce from there can take the inventory as much as ₹350-₹370 once more. However thereafter a recent leg of fall can occur which might drag GNA Axles share value under ₹300.
Such a fall will see the inventory tumbling in the direction of ₹200 within the subsequent few months. Since there may be extra room to fall from right here, it’s not advisable to carry the inventory and likewise accumulate wherever. So, exit at present ranges and settle for the loss. Please bear in mind to have a stop-loss everytime you enter a place. That may assist in limiting the loss in case if there’s a sharp fall.
I need to Put money into NTPC for long run. What’s the outlook?
Kushal, Mumbai
NTPC (₹300.25): The share value peaked at ₹448 in September final 12 months and has been coming down since then. This fall is a correction inside the broad uptrend that had begun from November 2020. There isn’t any signal of the correction coming to an finish. NTPC share value can fall to ₹250-240 from right here. This ₹250-240 is a powerful assist the place the autumn can halt.
We are able to anticipate a recent leg of rally to start after that which might take the inventory as much as ₹350-400 once more. So it’s important to wait to purchase the inventory close to ₹250. Maintain the stop-loss at ₹210. Revise the stop-loss as much as ₹280 when the worth goes as much as ₹320. Transfer the stop-loss additional as much as ₹310 when the worth touches ₹350. Exit the inventory at ₹400.
I’ve purchased JSW Infrastructure shares at ₹304. What’s the long-term outlook for this inventory?
Subith
JSW Infrastructure (₹228.55): The development is down, and the outlook is bearish. The inventory has decisively damaged a key assist stage of ₹270 this month. Instant resistance is at ₹250. Any intermediate bounce may be capped at this stage. Contemporary sellers are more likely to are available at round ₹250. So long as the inventory trades under ₹250, the outlook will stay bearish.
So, the probabilities are very much less for the share value to go above your buy value. JSW Infrastructure share value can fall to ₹200 from right here. After this fall, there generally is a bounce. Nevertheless it would possibly take a very long time to return above ₹300. So, it’s not advisable to build up at ₹200. Exit the inventory now and settle for the loss moderately than ready with a hope for the share value to bounce.
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